SABMiller Discipline Tested by Foster Bid

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In building SABMiller Plc (SAB) from Africa’s biggest brewer to the world’s second-largest by volume, Chief Executive Officer Graham Mackay has earned a reputation for not paying too much for purchases. His desire to snare Foster’s Group Ltd. (FGL) will test that discipline. (more…)

Heineken shows no appetite for Foster’s counterbid

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* Heineken focus outside Europe is on emerging markets
* Prefers to spend money on Mexico, Brazil, Africa or Asia
* No comment on possible counterbid for Foster’s
* Heineken shares up 0.4 percent at 40.93 euros (more…)

Carlsberg: Russia Growth Back on Track

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The Russian beer market is showing signs of recovery this year, but brewers are suffering from rising costs following last year’s poor harvest in Russia, which is leading to price increases for consumers, said Carlsberg A/S Chief Executive J?rgen Buhl Rasmussen. (more…)

“Sarmat” and “Zhygulivske” beer brands enter market in Georgia

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“Miller Brands Ukraine” company, a SABMiller plc group’s subsidiary production unit, enters into contract with T&D (Trade & Development), the Georgian company, for supplying “Sarmat” and “Zhygulivske” beer brands to the Georgian market in the end of May, 2011. (more…)

Foster’s Rejects SABMiller Bid

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SABMiller PLC said Tuesday it will pursue a takeover of Foster’s Group Ltd. after the Australian beer maker rejected an initial 9.51 billion Australian dollar (US$9.98 billion) offer from the global brewer. (more…)